How The World’s Oil Powers Will Seize The Iran Deal

Despite President Trump’s clear signals over the last month, his decision to leave the JCPOA nuclear deal has still managed to shock the market. It appears that the market, and most European politicians, didn’t believe that Washington would take the step to unilaterally leave the deal. In spite of intense European efforts to convince Washington to stay in the JCPOA deal and try to renegotiate with Iran, the U.S. president has presented the world with a clear message: The President will fulfill his electoral pledges regarding Iran. The global oil market had partially factored in a withdrawal by Washington, but the true impact of the deal remains unclear. In the coming months, Washington will reinstate all of the former sanctions on Iran, starting with the lighter ones, which are mainly meant to curtail Iranian oil exports. If all sanctions, as indicated by Washington after Trump announced the withdrawal from […]